Nakina Systems Agrees to be Acquired by Nokia

21.2.2016 17:05 | Business Wire

Del

Nakina
Systems today announces its planned acquisition by global technology
leader Nokia. The acquisition would strengthen Nokia’s security
portfolio through the addition of Nakina’s products and expertise. The
announcement is a culmination of a multi-year partnership during which
time the companies have successfully collaborated on numerous customer
engagements. Terms of the planned transaction, which is expected to
close in Q1 2016, are not being disclosed.

“Increasing cybersecurity risks created by both insiders and external
threats has increased our customers’ need for comprehensive security
strategies,” Bhaskar Gorti, President of Applications and Analytics
at Nokia, said. “The planned acquisition of Nakina further
strengthens our market leadership, and our ability to help customers
protect their most critical assets.”

Nakina’s identity access, configuration management and orchestration
solutions are used by some of the world’s largest global service
providers. The company’s software enables service providers to avert
security breaches and eliminate configuration-related vulnerabilities,
while optimizing operational costs, complexity and risks.

“Our customers are facing increasing cybersecurity threats and
complexity arising from new technologies such as mobile broadband
expansion, NFV, and SDN,” said Mary O’Neill, CEO, Nakina Systems.
“We are excited to become part of Nokia, and use this exciting
opportunity to help our customers address these challenges head-on.”

Nakina will be showcasing its network security solutions
at Mobile World Congress 2016 in Barcelona, Hall 7, 7J11. Arrange
to meet with Nakina representatives at #MWC16.

About Nakina

Nakina offers a suite of Network Integrity applications for securing and
optimizing physical and virtual networks. Nakina’s applications are
built upon our Network Integrity Framework – an open and modular
software platform that abstracts network complexity, normalizes
multi-vendor management, and bridges the physical and virtual worlds for
management and orchestration. Our software is proven, trusted and
protects the world’s largest and most important networks. https://nakinasystems.com

About Nokia

Nokia is a global leader in the technologies that connect people and
things. Powered by the innovation of Bell Labs and Nokia Technologies,
the company is at the forefront of creating and licensing the
technologies that are increasingly at the heart of our connected lives.

With state-of-the-art software, hardware and services for any type of
network, Nokia is uniquely positioned to help communication service
providers, governments, and large enterprises deliver on the promise of
5G, the Cloud and the Internet of Things. http://nokia.com